Earthem Ware Products is a manufacturer of large flowerpots for urban settings. The company has these standards:

View the standards. ${?}^1$

Read the requirements, ${?}^2$

Requirement $1.$ Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. $($Round your answers to the nearest cent$)$

$\backslash$table$[[\backslash$table$[[$Direct materials$],[$Direct labor$],[$Variable manufacturing overhead$],[$Fixed manufacturing overhead$]],(1),$x$,(2),=,$Standard cost of input$],[]$ pound,x$,$per pound,$=,],[$hours$,x,$per hour,$=,],[$hours$,x,$per hour,$=,],[$hours$,$x$,$per hour,$=,]]$

Requirement $2.$ Determine the standard cost of one flowerpot. $($Enter your answer to the nearest cent.$)$

The standard cost of one flowerpot is

$1$: Standards

$\backslash$table$[[$Direct materials $($resin$),.8\mathrm{.}8$ pounds per pot at a cost of $$4\mathrm{.}40$ per pound$],[$Direct labor,. $2\mathrm{.}2$ hours at a cost of $$16\mathrm{.}75$ per hour$],[$Standard variable manufacturing overhead rate,.. $$2\mathrm{.}60$ per direct labor hour$],[$Predetermined fixed manufacturing overhead rate,.. $$6\mathrm{.}20$ per direct labor hour$]]$

Earthern Ware allocates variable and fixed manufacturing overhead to production based on standard direct labor hours.

$2$: Requirements

Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead.

Determine the standard cost of one flowerpot.

$(1)$

$(2)$ Variable overhead

Actual quantity

Standard quantity

Actual price

Total overhead

Fixed overhead

Standard price